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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Revenues $ 1,262 $ 1,299 $ 4,135 $ 4,163
EXPENSES        
Other property-level expenses 85 90 268 287
Depreciation and amortization 165 412 501 779
Corporate and other expenses 26 24 80 82
Gain on insurance and business interruption settlements (4)   (4)  
Total operating costs and expenses 1,125 1,391 3,502 3,821
OPERATING PROFIT (LOSS) 137 (92) 633 342
Interest income 8 3 23 8
Interest expense (46) (45) (132) (134)
Gain on sale of assets 274 547 336 667
Gain (loss) on foreign currency transactions and derivatives (1) 1    
Equity in earnings of affiliates 4 6 13 25
INCOME BEFORE INCOME TAXES 376 420 873 908
Provision for income taxes (4) (42) (22) (63)
NET INCOME 372 378 851 845
Less: Net income attributable to non-controlling interests (4) (56) (11) (61)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY $ 368 $ 322 $ 840 $ 784
Basic earnings per common share $ 0.51 $ 0.43 $ 1.14 $ 1.06
Diluted earnings per common share $ 0.51 $ 0.43 $ 1.14 $ 1.06
HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues $ 1,262 $ 1,299 $ 4,135 $ 4,163
EXPENSES        
Other property-level expenses 85 90 268 287
Depreciation and amortization 165 412 501 779
Corporate and other expenses 26 24 80 82
Gain on insurance and business interruption settlements (4)   (4)  
Total operating costs and expenses 1,125 1,391 3,502 3,821
OPERATING PROFIT (LOSS) 137 (92) 633 342
Interest income 8 3 23 8
Interest expense (46) (45) (132) (134)
Gain on sale of assets 274 547 336 667
Gain (loss) on foreign currency transactions and derivatives (1) 1    
Equity in earnings of affiliates 4 6 13 25
INCOME BEFORE INCOME TAXES 376 420 873 908
Provision for income taxes (4) (42) (22) (63)
NET INCOME 372 378 851 845
Less: Net income attributable to non-controlling interests   (53) (2) (53)
NET INCOME ATTRIBUTABLE TO REPORTING ENTITY $ 372 $ 325 $ 849 $ 792
Basic earnings per common share $ 0.52 $ 0.44 $ 1.17 $ 1.08
Diluted earnings per common share $ 0.52 $ 0.44 $ 1.17 $ 1.08
Rooms        
REVENUES        
Revenues $ 830 $ 874 $ 2,618 $ 2,691
EXPENSES        
Expenses 221 234 664 696
Rooms | HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues 830 874 2,618 2,691
EXPENSES        
Expenses 221 234 664 696
Food and Beverage        
REVENUES        
Revenues 341 337 1,223 1,199
EXPENSES        
Expenses 260 254 835 822
Food and Beverage | HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues 341 337 1,223 1,199
EXPENSES        
Expenses 260 254 835 822
Other        
REVENUES        
Revenues 91 88 294 273
EXPENSES        
Expenses 320 321 981 972
Other | HOST HOTELS & RESORTS L.P.        
REVENUES        
Revenues 91 88 294 273
EXPENSES        
Expenses 320 321 981 972
Management Fees        
EXPENSES        
Expenses 52 56 177 183
Management Fees | HOST HOTELS & RESORTS L.P.        
EXPENSES        
Expenses $ 52 $ 56 $ 177 $ 183